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New Zealand’s economy grew at a much faster pace than expected in the second quarter, reinforcing the widely expected RBNZ rate hike on October 6.
A risk-off scenario because of heightened stock market volatility, or turmoil in Europe is likely to drive investors into the safe-haven U.S. Dollar, which could put pressure on the AUD/USD and ...
The New Zealand dollar contributes greatly to the total global exchange market—far in excess of New Zealand's relative share of population or global GDP. According to the Bank for International Settlements , the New Zealand dollar's share of global foreign exchange market daily turnover in 2016 was 2.1% (up from 1.6% in 2010) giving it a rank ...
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The table has been set for further weakness in the Australian and New Zealand Dollars. However, short-term technical factors could at times trigger a few short-covering rallies due to oversold ...
A separate central bank gave New Zealand's government control of monetary policy for the first time, [47] although New Zealand remained part of the sterling area by pegging its pound to the British pound sterling until the introduction of the New Zealand dollar in 1967, after which the dollar was instead pegged to the United States dollar, [48 ...